Cisco CEO Chambers’ pay climbs 33% to $18.9 million

Cisco CEO John Chambers received compensation valued at $18.9 million in fiscal 2010, according to documents filed Friday with the U.S. Securities and Exchange Commission. His total package is up 33% from 2009, when he received compensation valued at $14.2 million.

The company, meanwhile, grew revenue and profits by 11% and 27%, respectively, in its 2010 fiscal year, which ended July 31. Revenue came in at $40 billion, up from $36.1 billion in 2009. Net income hit $7.8 billion, up from $6.1 billion in the prior year.

The bulk of Chambers’ 2010 pay package came in the form of stock and option awards, which were valued at $13.9 million at the time they were granted (up 18% from $11.8 million in 2009).

Chambers received a cash bonus of $4.6 million, which is more than double the $2 million bonus he received a year earlier. His pay package also includes a $382,212 salary, which is nearly equivalent to the salary he received in 2009.

His other compensation and perquisites totaled $11,025, which is attributed to matching contributions that Cisco made under its 401(k) plan on behalf of Chambers.

Chambers’ total pay is calculated using data supplied in a preliminary proxy statement filed with the SEC on Sept. 10. The following figures are taken from the summary compensation table: salary, stock awards, option awards, non-equity incentive place compensation (bonus), and all other compensation. The estimated value of stock options represents the aggregate grant date fair value of option awards granted during the fiscal year.

PCW Evaluation Team

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Reproduction in whole or in part in any form or medium without express written permission of IDG Communications is prohibited. Copyright 2013 IDG Communications.
ABN 14 001 592 650. All rights reserved.

Contact Us

With over 25 years of brand awareness and credibility, Good Gear Guide (formerly PC World Australia), consistently delivers editorial excellence through award-winning content and trusted product reviews.